Current price: 1914
Key point: 1900
Our preferred direction: buying positions above 1900 levels, targeting 1930 as a first target, then 1950 as a second target
Alternative scenario: stop loss and change direction by breaking 1900, targeting 1850
Technical comment
Gold rose on the four-hour time frame from the support levels 1887-1900, with the presence of a harmonic ALT BAT pattern with a Fibonacci retracement of 113%, and with the price breaching the bearish trend line from last month’s peak, it will be expected to complete the ascent to 1930 levels, then 1950 levels
